Grainger is focused on driving 300-400 basis points of outgrowth compared with the market by focusing on strategic activities, such as building advantaged MRO solutions, delivering unparalleled customer service and offering differentiated sales and services. maintenance, repair and operating (MRO) market, highlighting the continued traction of its growth initiatives and pandemic-related sales. The company continues to outpace the U.S. In the past decade, the company has invested strategically in its network to ensure optimal capacity, increased automation and standardization in response to the need for the on-demand delivery of products. Grainger accomplished the goal of remerchandising a record $1.2 billion of products in the United States in 2019 and completed another $1.6 billion in 2020. Growth Initiatives, E-Commerce to Stoke Growth
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Benefits from price realization are likely to drive margin in the quarter.
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Grainger expects non-pandemic sales growth to positively impact fourth-quarter results. Grainger is investing in the non-pandemic product inventory and partnering with suppliers to mitigate the supply-related challenges, inbound lead-time challenges and any possible cost increases. It anticipates earnings per share in the band of $19.00-$20., calling for year-over-year growth of 17.5-26.5%. The company expects total daily sales growth between 11.5% and 12.5%. In 2020, the company had reported sales of $11.8 billion. This momentum will continue in the fourth quarter as well.īacked by this upbeat performance, Grainger projects net sales in 2021 between $12.7 billion and $13 billion. The Endless Assortment segment delivered 14.9% top-line growth year over year, courtesy of strong customer acquisition at Zoro U.S. Pandemic product sales also remained elevated during the quarter. In the High Touch Solutions North America (N.A) segment, Grainger witnessed year-on-year revenue improvement in nearly all the end markets in third-quarter 2021, driven by a strong recovery in core, non-pandemic product volume. Recovery in Non-Pandemic Product Volumes to Drive Segment Results Revenues of $3,372 million also beat the Zacks Consensus Estimate of $3,330 million and rose 12% year over year. The bottom line increased 25% year over year. The company’s efforts to strengthen customer relationships, investments in growth initiatives and solid e-commerce sales will continue to support the top line.Įarnings & Sales Beat Q3 Estimates: Grainger reported third-quarter 2021 adjusted earnings per share of $5.65, beating the Zacks Consensus Estimate of $5.31.
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GWW is poised well to gain from forecast-topping third-quarter 2021 results and strong momentum in the High-Touch Solutions and Endless Assortment segments.